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Nuclear Power Projects with Zero Customs Duty

Sector: Nuclear • Location: India

Source: Global Governance News

Project
Planned

The Indian government has announced zero customs duty on imports required for nuclear power projects to continue till 2035. This move aims to reduce project costs and electricity tariffs, accelerate project execution, and improve the economic viability of nuclear power projects, especially those involving foreign cooperation. The government is also focusing on strengthening the domestic supply cha

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The project “Nuclear Power Projects with Zero Customs Duty” is an infrastructure initiative in the Nuclear sector, located in India. Taiyo aggregates data on it from Global Governance News.

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planned

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Description

Description

The Indian government has announced zero customs duty on imports required for nuclear power projects to continue till 2035. This move aims to reduce project costs and electricity tariffs, accelerate project execution, and improve the economic viability of nuclear power projects, especially those involving foreign cooperation. The government is also focusing on strengthening the domestic supply chain through NPCIL and MSMEs and advancing research and development in nuclear technologies including advanced reactors, Small Modular Reactors (SMRs), and cancer isotope technology.

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